0LRL trade ideas
VUZI Consolidating Pretty WellVUZI is currently in a consolidation and is looking pretty positive. With all the news surrounding the company and its smart glasses being used by more and more companies, it's highly likely to start going up. A safe long position here (according to me, and I can be wrong 😅) would be to $4.50 - $4.75 with a stop loss at around $4
$VUZI Vuzix Corp 25% upside Vuzix Corp. is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality. The firm also holds patents and numerous IP licenses in the Video Eyewear field. The company was founded by Paul J. Travers in 1997 and is headquartered in West Henrietta, NY.
Rozetta Selects Vuzix Smart Glasses+ buyout target for appleRozetta Corporation Selects Vuzix Smart Glasses for Its e-Sense Productivity and COVID-19 Solution and for Hospital Healthcare Study
a Japanese supplier of translation products and services, has selected Vuzix Smart Glasses for two separate translation-centric solutions.
e-Sense also serves as a COVID-19 risk mitigation tool by making it possible to reduce the movement of people, avoid crowding and limit close contact.
$VUZI also a buyout target for $AAPL as just mentioned on Fox Business.
finance.yahoo.com
Vuzix Corp Upside targets $vuziVuzix Corp. engages in the design, manufacture, marketing, sale, and supply of augmented reality wearable display devices. Its products include Vuzix Blade, Vuzix M-Series, Accessories, Vuzix Remote Assist, and Merchandise. It offers Manufacturing, Warehouse, Field Service and Remote Assist, and Tele-Medicine solutions. The company was founded by Paul J. Travers in 1997 and is headquartered in West Henrietta, NY.
$2-$5 with VUZI..breakout, reversal, gap fill, new uptrendSo I started this trade profile two days ago and made starting position trades this morning @$2.10, $2.11 and $2.12. A lot to like about the chart and oscillators at the $2.12 level. What's not to like:
1) Breakout is just now moving out of two downtrends, one from 17 months ago from $8.45 level and another over six months old. This breakout above downtrend lines is second attempt since failed breakout in late June (six months ago) at $4.97 price level.
2) RSI launch pad zones have had readings below 40 at 32 on both August and November up ward thrust in price. Both of these moves hit resistance at $2.57 while still under the downtrend line(s) of six and/or 17 months. The current RSI launch pad zone is using a reading of 40, higher than the previous two, and no longer under a downtrend...so this time is looking different in more ways than one.
3) Price has experienced a downtrend from $8.45 to $1.77 from July,2018 - Jun, 2019.
Followed be a triple bottom on June,2019, Aug9,2019 and Aug28,2019. Since August, 2019 the resistance at $2.57 and support points near $1.89 and $1.96 have stopped the previous downtrend and formed a sideways channel that may be ready to begin a new uptrend. Recently with move off of the $1.96 support and six month downtrend line the next breakout point from 17 month downtrend is at $2.10 which was hit yesterday and today.
This breakout setup has multiple targets for next 1-12 months:
FIRST Breakout from $2.10 and $1.96 levels both target previous resistance of $2.57
SECOND target is the high point from first RSI launch pad in price back in June at $2.97
THIRD target is the bottom of gap in price at $3.62 formed six month ago on July 1st, 2019
FOURTH target from this set up is the high in price from first breakout attempt in June at $4.97
With buys above the downtrend lines near $2.00 and $2.10 I started this trade a day late at $2.10
Plan to buy in on daily dips during anticipated uptrend formation toward first two targets. With time to get in before $2.57 resistance I see multiple 10-30 percent trades towards $5.00 price with this one.
That is the idea for my VUZI trade set up profile...happy hunting in 2020.
Trade to win...Trend is your friend....Manage the risk....will be your Success!
Dr. RAV
VUZI Short - 4/2/2019Hopefully not a falling knife; but price clearly indicates one thing. "DO NOT BUY"; my "5 year old gut check" says sell.
Trade responsibly; TPs and SLs
Reversal Impending - 4hr Interval -VUZIHello Everyone,
The stock (VUZI) appears to have endured a significant amount of sellers over consuming buyers (bearish market). In this regard, an immediate (or within the next formation) reversal may be in order to either consolidate at current PA (Price Action) level or breakout to lower lows (or higher highs). Further is always necessary prior to trading transfers
Resistance Level 3 - (7.15 - 7.45) 30 cent interval
Resistance Level 2 - (5.25 - 5.65) 40 cent interval
Resistance Level 1 - (3.70 - 4.10) 30 cent interval
Blue Horizontal Line - (3.15 - 3.35) 20 cent interval
Support Level 1 - (2.45 - 2.75) 30 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
5 reasons VUZI is under heavy resistanceRecently failed to hold and failed to recover.. and dipped below the 8 year uptrend support channel. (orange rising)
Below 50 SMA (red above)
Below 7$ historic resistance. (orange horizontal)
Riding the short-term downward trend
Downward trending stochastic.
the only thing technically that seems to hold the price is the 200 SMA (green above)
VUZI - Stunna Shades of the FutureSeems like VUZI is on a bull run, solidified by the successful completion and pass of the FCC emissions requirements for it's Blade Smart Glasses on July 6th. It's started it's volume manufacturing, and will probably start its sales campaign soon. A company like this can easily be acquired by Google, or another huge tech company.
"Volume manufacturing of the Vuzix Blade Smart Glasses from our West Henrietta, NY facility has commenced. With FCC and EU certifications processes now complete we can commence broad shipping of our Vuzix Blade Smart Glasses to the application and enterprise Vuzix Blade Edge developer communities located within the USA, Canada and Europe," said Paul Travers, President and Chief Executive Officer at Vuzix.
There seems to be good support in the $5.50 range and resistance in the $9.00-$9.50 range. Anything under $6.50 might be a good buy, but if you can pick up this stock at sub $5.50, that would be ideal. HOLD for now- let's see what happens when it gets to $8.25
Happy Trading!
Vuzix about to set direction for the next 5 days.VUZI has recently broken out of it's down trend and now sets a solid hammer with rising volume at a historic resistance point.
Bull Case: Participation in an emerging industry.. as well as it's position above the 50 and 200 moving average and bullish hammer after a prior days break past resistance make me bias to an up-side continuation...
Bear Case: Wednesday opened with a gap to below the breakout candle and was net negative day. Stochastic is touching overbought and nearly a crossing red signal. if tomorrows volume starts moving negative we can probably expect it to re-test the 50 moving average near 6.20 or even the prior lows support level of 5.00.
Either way it seems there's opportunity here.
Head and shoulders chart patternIt doesn't look promising. I suppose latest share dilution plays into the hands of short traders. Stock price has lost its momentum despite the positive outlook for VUZI -8.47% (e.g. company continues to develop strong partnerships to succeed in augmented reality).
2nd practice run.I've never traded this stock but a friend has been consistently making money so I wanted to check it out. This is only my 2nd chart so please do not take it serious. Might form a head and shoulders but not sure yet so we'll see.
VUZI - Long based on Renko + indicatorsNotes:
- Possible retracement to upper wedge resistance upon breakout
- Possible return to lower wedge support before bounce higher
- Possible failed breakout of wedge pattern (take some profits @ touch of wedge resistance)
VUZI update - Tomorrow's decision day- Multiple signals/indicators pointing to lift off
- Only concern is falling three methods pattern (strong bearish continuation pattern)
- Tomorrow is the 5th and final day of pattern and will determine direction
